WASHINGTON — CUNA President/CEO Bill Cheney also tells GAC he has never been more optimistic for the credit union industry.
Director Richard Cordray said the bureau hasn't yet implemented all Dodd-Frank mandates and may require new reports.
CFPB director sets the record straight on new rules and their effect on credit union mortgage lending.
CEO Adams said the Durbin Amendment sent billions in interchange to retailers, but financial institutions still bear risk and cost of breaches.
Director Richard Cordray said Dodd-Frank requires additional reporting, and CFPB is considering its own new requirements.
The Republican-led House Financial Services Committee grilled the CFPB director on building renovations.
Republican-led House Financial Services Committee launches site one day before CFPB Director Cordray presents semi-annual report.
Fidelity Mortgage and its former owner fined for paying banks for real estate referrals.
Fifteen-member CU advisory group meets quarterly to discuss CFPB regulatory issues.
CFPB Director reassures Realtors credit unions can still make mortgage loans that don't conform to the bureau's qualified mortgage rule, which took effect Jan. 10.